BiggerPockets Real Estate Podcast The Basic, Starter Rentals That Cash Flow Me $120,000/Year
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Mar 30, 2026 Greg Roedersheimer, a real estate investor who built a nine-property, largely paid-off rental portfolio, discusses building six-figure cash flow from starter homes and condos. He covers targeting high-demand rentals, partnering with contractors, mixing turnkey, MLS and wholesale deals, self-managing vs. hiring help, and scaling from small turnkey buys to value-add rehabs.
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Accidental Landlord Turned Intentional Investor
- Greg became an accidental landlord after his 2007 home lost value and he couldn't sell it.
- He returned to investing in 2021 with a partner, buying a turnkey condo for $172,500 with a $25k share and raising rent from $1,100 to $1,500.
Use Your First Deal To Learn Not To Gamble
- Do treat your first deal as a learning opportunity rather than a home run and protect yourself financially.
- Greg and Henry emphasize buying a turnkey or low-risk first rental so worst-case you break even while you learn landlord skills.
Undersupplied Starter Single Family Homes Create Demand
- Greg spotted a market gap: starter single-family homes with yards were scarce while denser, pricier new builds dominated.
- He concluded renters with kids prefer no shared walls, so ranchers and small SFHs rented fast and commanded growing rents.